Question 1

Can I use business bank statements instead of personal?

Accepted Answer

Yes. Most lenders accept business statements. They apply an expense ratio — typically 50% — to calculate your net qualifying income.

Question 2

Do I need two years of self-employment history?

Accepted Answer

Most lenders require it. Some accept 12 months with strong documentation of your business and prior industry experience.

Question 3

Will my tax write-offs hurt my approval?

Accepted Answer

Not here. Bank statement loans ignore your tax returns. Your deposits drive the income calculation, not your taxable income.

Question 4

Are rates higher than conventional loans?

Accepted Answer

Yes, typically. Non-QM loans carry a rate premium. Rates vary by borrower profile and market conditions.

Question 5

Can I buy a home in Vallejo with a bank statement loan?

Accepted Answer

Yes. Purchase and refinance transactions are both eligible. Loan amounts and terms depend on your deposit history and credit profile.

Bank Statement Loans for Vallejo's Self-Employed Buyers